Jan 6 President Xi Orders Chinese Army To "Prepare For War"

In just a few short days, China has proved that investors who have been underestimating the geopolitical risks stemming from the simmering tensions between the US and China over the latter's territorial claims in the South China Sea and paranoia over the fate of Taiwan - a de facto independent state that President Xi Jinping is aggressively seeking to bring under the heel of Beijing - have done so at their own peril.

And as if tensions between China and the international community weren't already high enough amid a worsening economic slowdown that's hurting global economic growth and a tenuous trade "truce" with the US, in another speech delivered on Friday during a meeting of top officials from China's Central Military Commission which he leads, Xi took his belligerent rhetoric one step further by issuing his first military command of 2019: that "all military units must correctly understand major national security and development trends, and strengthen their sense of unexpected hardship, crisis and battle."